Orange County NC Website
Browse       Search
11 , <br /> SPREAD ALLOCATION <br /> During the first three years of operation, financial institutions will fund commitments at Prime <br /> minus 2% in order to provide sufficient spread to substantially defray administrative and servicing <br /> costs, plus provide a source to gradually replace the loan loss reserve established by the County. <br /> Annually, this entire issue will be reviewed and adjustments made as necessary. <br /> 9 <br />